The US Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in May, following a 0.3 per cent increase in April, according to the U.S. Bureau of Labour Statistics (BLS).
Over the past 12 months, the all items index surged by 3.3 percent before seasonal adjustment. Last month, the index for shelter rose by 0.4 percent, marking the fourth consecutive month of increase, more than offsetting the decline in the gasoline index.
The overall food index saw a modest increase of 0.1 per cent, with food away from home rising by 0.4 percent, while the food at home index remained unchanged.
On the other hand, the energy index experienced a decline of 2.0 per cent, primarily due to a significant 3.6 per cent decrease in the gasoline index.
Food and energy rose 0.2 per cent
The index for all items excluding food and energy rose by 0.2 per cent in May, following a 0.3-per cent increase in the previous month. Notable increases were observed in the indexes for shelter, medical care, used cars and trucks, and education.
The indexes for airline fares, new vehicles, communication, recreation, and apparel experienced declines over the same period.
Over the 12 months ending in May, the all items index increased by 3.3 percent, slightly lower than the 3.4-per cent increase recorded for the 12 months ending in April.
The all items index excluding food and energy saw a 3.4-per cent rise over the past year. The energy index showed a 3.7-per cent increase, while the food index rose by 2.1 per cent over the same period.
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